Sentences with phrase «after necessary deductions»

The amount of money the policyholder will receive, after necessary deductions, if he cancels the coverage and surrenders the policy to the insurance company.

(When it comes to wage garnishment, «disposable income» means anything left after the necessary deductions such as taxes and Social Security.)

Not exact matches

Dividend: In a participating whole life insurance policy, the refund of that part of the premium paid at the beginning of the year which still remains after the company has set aside the necessary reserve and made deductions for claims and expenses.